IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
InterOil Exploration & Production ASA
https://www.marketwatch.com/investing/stock/iox?countrycode=no
SP on the move again !! :-))))
InterOil Exploration & Production ASA
PERFORMANCE
5 Day
325.10%
1 Month
326.44%
3 Month
189.66%
Should seriously boost our equity value ! :-))))
Very very good time to buy now, won’t stay low for tool long.
I just hope I could add some more before the rise.
How much is our holding worth?
Can we sell after 30th june?
If so mcap laughable!
Timed with AGM and parsnips waving goodbye!
GL.
Cliveas -
here you go thanks to:- https://x.com/suhailmohmed/status/1798326779507323335
Simple sums
We got our shares at 1.15kr which equate to £400,000.
At 10kr, our equity worth £3.5 million or 0.02p on our share price with 18bn shares.
Current price is 8.38kr. May production report due in Interoil in mid/late June and the £3.5m could be well surpassed now
This is a valid point and one im looking to get clarifaction on. If true then our MCAP could be worth up to 0.014-16 depending on how to use conversions. this is without the gold prijects aswell.
Had my last top up as i look to get my average down. sitting now at 0.039 so around a 10 bag from here which values the business at 6-7 million.
If the shares are valid and we pull this project off then i think we have a shot at this figure.
Im optismitic now and hopefully will be able to get a good chunk of my money back.
heres to the LTH'S still in this share.
Just doing some analysis on the value gap and this is completely wrong
ECHO received 4,824,591 shares of Interoil, those shares became 482,459 shares after a 1:10 reverse split from 200mn shs issued to 20mn shs. So at 8.5NOK or 60p they are worth c £290k, not c £2.9mn.
I can ask Steve to see if he can clarify this.
I’ve checked imteroil rns and how I read it is 1.5. So we would have 964,918.2 shares. However the shares in issue are only 20 million with a stock float of just over 16 million. If we go by 964.9218 against current SP of interoil at KR8.19 than they are actually valued at £578,950.92.
Ny4ever
I've also reread the old RNS's from the time and for me it's a bit higgly piggly. I guess we will only find out over the next month or so.
It could go either way. At the time it was a way of moving debt. Wording isn't great. The 5% for £100k is a no brainer if correct?
With regards the gold future they have little funds to invest. Most in here think that echo's holding is worth a tidy sum if so leave it be. Why risk moving in to an outside runner.
Nope you’re wrong I’m afraid. look at the share register on Interoil website. You’ll find the ECHO shares under Brown Brothers Harriman. It’s 482,459 shares
22/01/24 RNS under news 1:10 rev share split
Jack who's wrong
Go and look on the Interoil website it’s all there clear as day. Nothing confusing about it whatsoever
Jakastory puts a different spin on thing hey Cdif?
I’m not trying to spin anything. I just saw the guys twitter post as he’s always posting on a share I like and thought it looked compelling. Turns out his posts were very misleading indeed
It’s absolute rubbish everyone!!
See below links as kindly posted on Twitter by the absolute governor of research on #ECHO 👍
https://x.com/suhailmohmed/status/1798415973403500723
Aug 2023 - Interoil.
"The Company paid a cash consideration of £825,000, and £400,000 via transfer to Echo of IOX shares issued at a subscription price of 1.15 NOK per share"
https://ml-eu.globenewswire.com/Resource/Download/f46d7adb-97cb-43f6-ae39-823fa72b29ea…
There is nothing about a reverse split as mentioned on LSE as caption.
Https://x.com/suhailmohmed/status/1798416703598293181
Or from 27 June 2023 as per caption.
https://nz.finance.yahoo.com/news/interoil-successfully-completes-acquisition-additional-214500802.html…
"issue 4,824,591 shares to Echo at a subscription price of NOK 1.15 per share as payment in kind of GBP 400,000 of the purchase price of the Acquisition"
Puckering up is very loud indeed
Https://x.com/suhailmohmed/status/1798418075521593603
Sept 2023, £230,000 is held in shares of Interoil Exploration & Production ASA
When ECHO said anything on share split?
Before
"Payment in kind of £400,000 via transfer of Interoil shares upon completion, providing upside exposure to via an equity position in the Operator"
Slow down CDiF
hes only making a point
Https://x.com/suhailmohmed/status/1798418711172571219
What a mess? This is part of the legacy from the previous IMO CEO. Either it was valued at £400,000 at 1.15 when terms agreed as clearly shows then was it share split and lose value straight-away? When saying we would benefit from upside via the equity position too.
Chuster and his 20 recommendations will be along next
Did you admit you're in the wrong CDif?
Ok if none of you want to bother looking at 01/07/23 release on Interoil website which states exactly how many shares were issued to ECHO or the 22/01/24 1:10 reverse split then more fool you. You can even see the shareholding as of 03/06/24 - Believe your x guy- £290k that’s what the stake is worth at 8.5NOK
CDiF does this smell or CORO?
Https://x.com/suhailmohmed/status/1798428853414908375
Putting 0 value on equity position in Interoil. Maybe, can clarify in the Final Results due
Without it, I had said below since January 2024
Current Market Cap - £822,220. AIM listing worth a lot more. If conclude Acquisition IMO £5m Mkt Cap/0.028p massive resistance level